Policy changes that can be made to a Professional Liability policy for architects/engineers-

There are some areas of the policy that can be changed, while other areas of the policy are considered standard policy language. Here are some of the changes that can be made to a Professional Liability policy.

Your firms name can be changed on the policy. This is the first named insured, the entity that can make any changes to the policy. If your firm name changes or if you add Inc. or LLC to the firm name, this change can be made on the policy.

The address of your firm can be changed on the policy. This is a very standard change and the only requirement is that it is a mailing address for your firm.

Effective dates may be changed. This will vary with each insurance company based on the need for the effective date change. This is a common request to have all other policies, Business owner policy and workers compensation, policy effective dates be the same.

Limits of liability is the most common change on a Professional Liability policy. The insurance company may limit the amount of changes within a policy period, but they will allow the limits to be changed. Another change that is in line with the limits of liability is a project endorsement for higher limits, this is quite common to meet a contract requirement.

Deductibles can be changed but this can only happen at the renewal time and if the insurance company offers a different deductible option than your firm already has.

If your firm has any questions with regards to changes that can be made to your firms Professional Liability policy please call or email your Professional Underwriters agent for assistance.